checking deposit with cashback

Discussion in 'Quicken' started by Tim Conway, Nov 26, 2011.

  1. Tim Conway

    Tim Conway Guest

    Hi Everyone,
    This may seem like a dumb question. I would like to make a deposit of say
    $45 to checking and have the bank give me $5 cashback. Is there a way to
    enter it into my checking register so it shows the $45 income and $5
    cashback other than entering the $45 deposit and transfering $5 to the cash
    account as a separate transaction?

    Q2010 Premier WVista.

    TIA
    Tim
     
    Tim Conway, Nov 26, 2011
    #1
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  2. Tim Conway

    gk Guest

    On Nov 26, 3:25 pm, "Tim Conway" <> wrote:
    > Hi Everyone,
    > This may seem like a dumb question.  I would like to make a deposit of say
    > $45 to checking and have the bank give me $5 cashback.  Is there a way to
    > enter it into my checking register so it shows the $45 income and $5
    > cashback other than entering the $45 deposit and transfering $5 to the cash
    > account as a separate transaction?
    >
    > Q2010 Premier WVista.
    >
    > TIA
    > Tim


    I think, split transaction can accomplish that for you.
    It will allow you to record a deposit and transfer to cash account at
    once.
    Except, you'll probably want to have a 3rd line (or 2nd in order,
    actually - before the transfer out) to show additional income for this
    $5 cashback, otherwise you resulted total would be just $40 instead of
    $45.
     
    gk, Nov 26, 2011
    #2
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  3. "Tim Conway" <> wrote:

    > I would like to make a deposit of say
    >$45 to checking and have the bank give me $5 cashback. Is there a way to
    >enter it into my checking register so it shows the $45 income and $5
    >cashback other than entering the $45 deposit and transfering $5 to the cash
    >account as a separate transaction?


    So your net deposit is $40? Sure... You enter the $40 as the deposit amount,
    then split the transaction with $45 shown against an income category and $5
    against an expense category. If it's not income (like a rebate check), you enter
    negative $45 against an expense category and $5 against Petty Cash or Misc
    Expense or whatever.
     
    Robert Neville, Nov 26, 2011
    #3
  4. Tim Conway

    Tim Conway Guest

    "Robert Neville" <> wrote in message
    news:...
    > "Tim Conway" <> wrote:
    >
    >> I would like to make a deposit of say
    >>$45 to checking and have the bank give me $5 cashback. Is there a way to
    >>enter it into my checking register so it shows the $45 income and $5
    >>cashback other than entering the $45 deposit and transfering $5 to the
    >>cash
    >>account as a separate transaction?

    >
    > So your net deposit is $40? Sure... You enter the $40 as the deposit
    > amount,
    > then split the transaction with $45 shown against an income category and
    > $5
    > against an expense category. If it's not income (like a rebate check), you
    > enter
    > negative $45 against an expense category and $5 against Petty Cash or Misc
    > Expense or whatever.


    I just did this with a 120 deposit and 10 cashback to a "cash" account.
    Elementary. I should have seen this. Thanks everyone for your help.
     
    Tim Conway, Nov 28, 2011
    #4
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